| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Sell |
| RSI (14) | Buy | Neutral | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Neutral |
| Alligator (13; 8; 5) | Sell | Sell | Sell |
| SAR (0.02; 0.2) | Sell | Sell | Buy |
| Aggregate | ⇘ | ⇘ | ⇒ |
[ANNOUNCE]Following a reversal from the upper boundary of a dominant descending pattern on June 22, the Australian Dollar has been moving in a two-week narrow downtrend channel against the Canadian Dollar.[/ANNOUNCE]
During this short period of decline, the currency pair breached the lower boundary of an ascending channel. The rate also breached the 55-. 100-, 200-hour SMAs during this time.
Given that the currency exchange rate is trading in the narrow channel, a breakout to either direction could be expected within the following trading sessions. In the meantime, technical sentiment favour bears to continue their dominance in the market today.